If the assignee or assignees delay, neglect or refuse to assemble the creditors within the time herein prescribed and limited, the creditors may meet and appoint their agent or agents; and the agent or agents, on application to and by order of the judge of the court of common pleas, shall take into their hands and possession all the property assigned and of which the assignee would by law be entitled to the possession and shall sell and dispose of it agreeably to the deed of assignment.
HISTORY: 1962 Code Section 57-357; 1952 Code Section 57-357; 1942 Code Section 9099; 1932 Code Section 9099; Civ. C. '22 Section 5504; Civ. C. '12 Section 3725; Civ. C. '02 Section 2640; G. S. 2007; R. S. 2139; 1828 (6) 365.
Structure South Carolina Code of Laws
Title 27 - Property and Conveyances
Chapter 25 - Assignments For The Benefit Of Creditors
Section 27-25-10. Assignment by insolvent debtor.
Section 27-25-20. Preferential transactions within ninety days of assignment.
Section 27-25-30. Assignment for benefit of creditors; attack by creditor.
Section 27-25-40. Assignment for benefit of creditors; appointment of agents by creditors.
Section 27-25-50. Sales and transfers prior to appointment of agents.
Section 27-25-60. Calling creditors together.
Section 27-25-70. Procedure when assignees neglect or refuse to call creditors together.
Section 27-25-80. Election of agents.
Section 27-25-90. Rights and powers of agents.
Section 27-25-100. Effect of neglect or refusal of creditors to appoint agents.
Section 27-25-110. Appointment of umpire.
Section 27-25-120. Deposit of proceeds of sales.
Section 27-25-130. General powers of creditors.
Section 27-25-140. Statements of proceedings.
Section 27-25-150. Damages for failure to account or follow directions.